86.10 0.00 (0.00%)
After hours: 5:17PM EDT
|Bid||86.10 x 1100|
|Ask||86.14 x 500|
|Day's Range||86.02 - 87.08|
|52 Week Range||73.13 - 109.98|
|PE Ratio (TTM)||26.25|
|Earnings Date||May 17, 2018|
|Forward Dividend & Yield||2.08 (2.40%)|
|1y Target Est||105.56|
Investors once again focused on corporate deals Monday as utility company Vectren agreed to be bought by CenterPoint Energy for $6 billion, while the CEO of Sears called for the company to sell more assets and health care products company Henry Schein said it will split off its animal health unit. Aluminum producers tumbled after the Treasury Department moved to ease sanctions against Russian aluminum company Rusal. Bond yields have climbed this year as investors are starting to see signs that inflation is picking up and the Federal Reserve continues to raise interest rates.
Walmart may acquire a stake as high as 80% in Flipkart, the most valuable startup in India, giving it a leg up against rival Amazon in an emerging market of 1.3 billion people.
Stocks were higher on Monday, April 23, but in cautious trading as benchmark 10-year Treasury notes were near 3% for the first time in more than four years and as Wall Street prepared to enter the heart of U.S. corporate earnings season. Treasury yields have risen sharply over the past two weeks and global oil prices have spiked, stoking concerns that inflation will begin to accelerate in the coming months. The Federal Reserve's signaling on future interest rate hikes also has supported rising yields.
Walmart Inc. is getting suppliers to put food on the blockchain to help reduce waste, better manage contamination cases and improve transparency.
In India, the retailer is prepared to pay up to secure the top steed. The world’s biggest retailer is nearing a deal to buy a majority stake in India’s top online retailer for at least $12 billion, people familiar with the matter said. Flipkart Online Services Pvt’s major investors, including SoftBank Group Corp., are on board with Walmart purchasing as much as 80 percent of the company, the people said, and they may complete the agreement in the coming weeks.
Today, Walmart released a summary of its eleventh annual Global Responsibility Report , highlighting the company’s progress and accomplishments in fiscal year 2018 to increase economic opportunity, enhance sustainability of supply chains and strengthen local communities.
Walmart is close to a $12 billion-plus deal to buy a majority stake in Flipkart, India's leading e-commerce company https://bloom.bg/2qThW2K #tictocnews (Source: Bloomberg)